By Jonathan Davies

The rate of inflation in the eurozone rose to 0.3% in May after months of staying flat.

If follows five months of falling inflation or non-movement.

The EU's statistics agency Eurostat said a rebound in energy costs and goods and services price rises were largely behind the increase.

The news will come as a huge boost to European Central Bank (ECB) which has been keen to avoid deflation in an attempt to boost economic growth. In March, it launched a €1 trillion bond-buying programme to stimulate growth.